The Crédit Agricole Maine Anjou bank has completed the purchase of 740 hectares of forest land located between the Sarthe and Mayenne regions of France. This marks the first time the bank has directly invested in forestry. The forest is noted for its high-quality timber production capabilities. The acquisition represents a new strategic direction for Crédit Agricole, diversifying its investment portfolio. Financial details of the transaction have not been disclosed. The purchase underscores a growing interest in sustainable and natural asset investments. This move positions the bank as a stakeholder in French forestry management.
